Save Article

Corporacion America Buying Batista's Stake in Semiconductor Venture

Brazil's Eike Batista Had a 33% Stake in Six Semicondutores

By

Luciana Magalhaes

Jan. 11, 2014 12:18 p.m. ET

Rio de Janeiro—Argentina's Corporacion America, with businesses in the areas of infrastructure, energy and services, is buying a stake in Brazil's entrepreneur Eike Batista semiconductor venture called SIX Semicondutores, according to two people familiar with the negotiations.

Six partners, among them International Business Machines Corp. and the Brazilian government, were investing around one billion Brazilian reais to produce...